Mowi ASA (LTS:0OAW) Cash-to-Debt : 0.07 (As of Sep. 2024)

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What is Mowi ASA Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Mowi ASA's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.07.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Mowi ASA couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Mowi ASA's Cash-to-Debt or its related term are showing as below:

LTS:0OAW' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.07 Max: 0.13
Current: 0.07

During the past 13 years, Mowi ASA's highest Cash to Debt Ratio was 0.13. The lowest was 0.03. And the median was 0.07.

LTS:0OAW's Cash-to-Debt is ranked worse than
84.08% of 1878 companies
in the Consumer Packaged Goods industry
Industry Median: 0.51 vs LTS:0OAW: 0.07

Mowi ASA Cash-to-Debt Historical Data

The historical data trend for Mowi ASA's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Mowi ASA Cash-to-Debt Chart

Mowi ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.06

0.05

0.06

0.07

0.11

Mowi ASA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.06	0.11	0.07	0.07	0.07

Competitive Comparison of Mowi ASA's Cash-to-Debt

For the Farm Products subindustry, Mowi ASA's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Mowi ASA's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Mowi ASA's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Mowi ASA's Cash-to-Debt falls into.

Mowi ASA Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Mowi ASA's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	3360.392	/	(2008.643	+	27521.624)
	=	0.11

Mowi ASA's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	2003.085	/	(4444.75	+	24843.444)
	=	0.07

Mowi ASA (LTS:0OAW) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Mowi ASA Cash-to-Debt Related Terms

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Mowi ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Mowi ASA (LTS:0OAW) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MNHVF:USA MHGVY:USA MOWI:Sweden MOWI:Norway MOWIo:UK PND:Germany

Address

Sandviksboder 77A/B, P.O. Box 4102, Bergen, NOR, 5835

Website

https://www.mowi.com

Mowi ASA is a Norway based producer of farmed salmon. It distributes salmon and other processed seafood globally. The company focuses on producing high-quality fish by producing its fish eggs and nurturing the fish in the early stages of their life. The company operates in three reportable segments which are organized as business areas as well that includes Feed, Farming and Sales & Marketing, Fish feed production, comprises our two feed plants in Norway and Scotland. Farming comprises a single operating segment composed of our farming operations in Norway, Scotland, Canada, Chile, Ireland, the Faroe Islands and Iceland, and our Breeding & Genetics programme. Sales & Marketing is composed of two operating segments Markets and Consumer Products.

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